The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-21
CONDITION OF THE MARKETS.
A Fair Volume of Wheat Speculation,
with a Nervous, Unsettled Feeling.
Corn Moderately Active, but Weak. with
Lower Prlces-0ats Weak and Lower
Provisions Active and Unsettled.
MONEY, BONDS AND STOCKS.

A Moderately Active Market, with a Majority
of Shares Selling at Lower Prices.
NEW YORK, Jan. 90 Money on call was
sasy at 305 per cent, closing at per cent.
Prime mercantile paper, CAT per cent
Sterling exchange was dull but steady and
unchanged
The total sales of stocks for the day were
Boo, 48s shares, including the following: Canada
Southern, $3.50; Delaware, Lackawanna &
Western, 19, 425; Erie 4.625 Hooking Valley,
:4,335; Lake Shore. 1870; Louisville 6 Nash
Vile, $3.50; New Jersey Central 3l.940; p, D.
&B. r., 3.2O5; Reading, 125, 1913; St Paul, H.
500; Union Pacific, 3169; Western Union, 6, $50.
Government and State bonds dull and steady.
There was moderate degree of activity in
the stock market, although nearly one-third of
the days business was transacted in the first
hour The dealings were marked by considera-
bic feverishness, especially in the forenoon, not
withstanding the fact that the general feeling
was mildly confident. Reading became the lead
Ing feature. Rumors were heard in regard to
the favorable outcome OF the reorganization and
more amicable relations with the Pennsylvania
Company. The other coal stocks, however, did
not share in the strength displayed by
Reading, and Jersey Central was es-
psciallv weak Richmond q West Point
also showed considerable weakness. Hook
ing Valley became prominent in the afternoon
and next to Jersey Central was the weakest
stock on the list There was a revival of the
rumor concerning an overssue of bonds by the
fprmer board Of directors and there was said to
Be movement on foot to compel the latter to
reimburse the company. The former president
denied the story. Canada Southern showed
some weakness early In the day, but the re-
mander of the list was steady to firm. The
opening was fairly steady. and changes from last
EVENINGS final prices, which were about equally
divided between gains and losses, were for in
Significant fractions only. except Richmond &
Weet Point, the three coal stocks and ST Paul,
which were prominent in the early dealings,
and the market feverish and generally
weak. A rally occurred late in the first hour,
and the improvement lasted until the
sstsrpoon, though the gains were for
decrease in activity and prices secame weak
Jersey Central and Hooking Valley being the
consnicuous features There was fractional
rally In the afternoon. but the decline was soor
resumed. 1t was checked in the last hour. AND
the close was steady, though many stocks were
at the lowest of the day. Sales, 355, 243 shares
The majority of the active list showed declines
this evening. although a few stocks exhibited
material advances, New England being up II
Cameron coal, 1s, and Perry coal, II.
Railroad bonds were quiet Sales, 81, l67, 600
of which Hooking Valley fves contributed SIG.
600 and Texas a. Pacific Rio trust receipts $95,
600 The general list showed little movemen
in prices, ard final changes are irregular an,
generally for small fractions only. Closinl
Quotations were